Page 11 - Pine Lab News Today

The company will also be hiring over 100 new employees in Southeast Asia and India to accelerate cashless payments and smart savings across the region.

Pine Labs expands in Southeast Asia 4th March 2021 ANTARA/Business Wire New Delhi, India--(Antara/Business Wire)- Pine Labs, a leading merchant commerce platform in Asia, announced key organizational changes to further strengthen its growth opportunities, presence and its commitment to the region. Pine Labs subsidiary, Qwikcilver has made significant progress in evangelising and pioneering the Prepaid Stored Value and Gift Card category in the Southeast Asian region over the last two years. Th...

Indian Fintech Deal Activity Fell 23% To $2.7 billion In 2020: KPMG March 2, 2021 The pandemic caused a slowdown in fintech financing in India, with overall funding falling by 23% to $2.7 billion in 2020 from $3.5 billion in the previous year, KPMG said in its Pulse of Fintech report for the second half of last year. In the course of the last year, banks and insurance players enhanced their digital capabilities due to the pandemic, as a result of which a bulk of last years’ investments went t...

‘Buy now pay later’ is big draw for India’s Gen Z Surabhi Mumbai | Updated on Players see multi-fold rise in usage from pre-Covid levels The use of the ‘buy now pay later’ (BNPL) facility, which allows customers to turn purchases into EMIs, is growing fast across the country as consumers find the instrument not only convenient but also affordable. Pine Labs, the country’s largest BNPL EMI platform, has seen 60-70 per cent greater demand compared to January 2020. Similarly, Zest...

Technuter Pine Labs launched AllTap, a feature-rich app that can significantly accelerate digital payments adoption in India. Pine Labs AllTap is a revolutionary new app for small merchants to immediately start accepting digital payments on their NFC-enabled smartphone without the need of any additional hardware. The ‘tap and pay’ feature within the app is secure and is certified by PCI Security Standards Council (PCI SSC), RuPay, Visa, Mastercard and Amex. While the ongoing pandemic propel...

Indian Digital Payments Fintech Pine Labs Is Now Valued at $2 Billion following New Investment Round Digital payments firm Pine Labs has reportedly secured $75-100 million through an investment round that was led by US-headquartered hedge fund Lone Pine Capital, which is known for financing established US businesses like Uber. Pine Labs is now valued at approimately $2 billion — a significant increase of more than 33% from its previous valuation of $1.5 billion back in January 2020. Earlier...

Pine Labs announces new investment from Lone Pine making its valuation exceed $2 billion As of now, Pine Labs serves more than 150,000 merchants in 3,700 cities across Asia and the Middle East. TechSamvad December 22, 2020 12:49:44 IST Pine Labs logo Merchant commerce platform Pine Labs on 21 December announced that it has raised fresh funds in a new round of funding fro...

Pine Labs announces new investment from Lone Pine, valuation exceeds $2 billion Pine Labs is a leader in the offline payments space. Photo: Priyanka Parashar/Mint 1 min read Share Via Read Full Story Merchant commerce platform Pine Labs today announced it has raised a fresh round of funding from Lone Pine Capital. With this investment, Pine Labs is now valued at over USD $2 billion. “We are thrilled to welcome Lone Pine as an investor during this exciting and transformative phase of Pine Labs...

Pine Labs gets funding from Lone Pine Capital Pine Labs gets funding from Lone Pine Capital Pine Labs did not disclose the amount of funding raised. Lone Pine’s investment follows the strategic investment made by Mastercard in January 2020, when it attained unicorn status, a statement said. Incorporated in Singapore, Pine Labs’ key investors include Sequoia India, Mastercard, Actis Capital, Temasek and PayPal. Small businesses and consumers are fast adopting to digital commerce and contact...

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